Photos: Mansion or shack? $1M question

A sale balloon for a nearby store is shown next to a property in the Noe Valley neighborhood just sold for $1.8 million in cash, $600,000 more than its asking price, in San Francisco, Wednesday, July 30, 2014. In the souped-up world of San Francisco real estate, where the median selling price for homes and condominiums hit seven figures for the first time last month, the cool million that would fetch a mansion on a few acres elsewhere will now barely cover the cost of an 800-square-foot starter home. (AP Photo/Jeff Chiu)

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George Limperis, a realtor with Paragon Real Estate Group, smiles as he walks through the kitchen of a property that was recently sold in the Noe Valley neighborhood in San Francisco, Wednesday, July 30, 2014. (AP Photo/Jeff Chiu)

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George Limperis, a realtor with Paragon Real Estate Group, stands in the garage of a property in the Noe Valley neighborhood in San Francisco, Wednesday, July 30, 2014. In the souped-up world of San Francisco real estate a $1 million will barely cover the cost of an 800-square-foot starter home that needs work and may or may not include private parking. (AP Photo/Jeff Chiu)

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George Limperis, a realtor with Paragon Real Estate Group, walks in the backyard of a property in the Noe Valley neighborhood in San Francisco, Wednesday, July 30, 2014. In the souped-up world of San Francisco real estate a $1 million will barely cover the cost of an 800-square-foot starter home that needs work and may or may not include private parking. (AP Photo/Jeff Chiu)

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A luxury home with a listing price of $1 million is shown on Wednesday, July 30, 2014, in the Las Sendas community of Mesa, Ariz. The more than 4,000-square-foot home has a desert view on a golf course in the Phoenix suburb as well as a four car garage. (AP Photo/Matt York)

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This is an interior view of a luxury home with a listing price of $1 million on Wednesday, July 30, 2014 in Mesa, Ariz. The more than 4,000-square-foot home has a resort style back yard, pool and hot tub, four bedrooms, three full and one partial bathrooms, a gourmet kitchen and travertine tile throughout the home. (AP Photo/Matt York)

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This is a view of the master suite in a luxury home with a listing price of $1 million on Wednesday, July 30, 2014, in the Las Sendas community of Mesa, Ariz. The more than 4,000-square-foot home has a private suite with its own bath, fireplace and office, as well as a resort style back yard with a pool and hot tub. The home showcases a desert view on a golf course in the Phoenix suburb. (AP Photo/Matt York)

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This is an exterior view of a luxury custom home with a listing price of $1 million on Wednesday, July 30, 2014 in Mesa, Ariz. The more than 4,000-square-foot home has a resort style back yard, pool and hot tub, four bedrooms, three full and one partial bathrooms, a gourmet kitchen and travertine tile throughout the home. (AP Photo/Matt York)

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A row house on a tree-shaded street is for sale and is listed at $995,000 in the Society Hill neighborhood of Philadelphia on Wednesday, July 30, 2014. The 3,200-square-foot home includes four bedrooms, three full and two partial bathrooms and a year of pre-paid garage parking. (AP Photo/Matt Slocum)

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This is an interior view of a row house for sale listed at $995,000 in the Society Hill neighborhood of Philadelphia on Wednesday, July 30, 2014. The 3,200-square-foot home includes four bedrooms, three full and two partial bathrooms and a year of pre-paid garage parking. (AP Photo/Matt Slocum)

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This is an interior view of a kitchen in a row house for sale listed at $995,000 in the Society Hill neighborhood of Philadelphia on Wednesday, July 30, 2014. The 3,200-square-foot home includes four bedrooms, three full and two partial bathrooms and a year of pre-paid garage parking. (AP Photo/Matt Slocum)

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Flowers bloom near the deck of a luxury home on an expansive, hilltop lot for sale listed at $999,500 on Wednesday, July 30, 2014, in Little Rock, Ark. The 5 acres of land that the home is built on descends to a stream near the Arkansas River. (AP Photo/Danny Johnston)

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This is an interior view of the living room at a home for sale listed at $999,500 that is located on 5 acres of land overlooking the Arkansas River valley on Wednesday, July 30, 2014, in Little Rock, Ark. (AP Photo/Danny Johnston)

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This is an exterior view of a 5,014-square-foot home for sale listed at $999,500 that is located on a hillside overlooking the Arkansas River valley on Wednesday, July 30, 2014, in Little Rock, Ark. (AP Photo/Danny Johnston)

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This is an exterior view of a three bedroom house listed for sale at $1,095,000, on Wednesday, July 30, 2014, in the Sherwood Forest neighborhood of Atlanta. The 2,551-square-foot house has two and a half bathrooms and features an in-ground pool and a detached garage. (AP Photo/David Goldman)

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This is an interior view of the living room in a three bedroom house listed for sale at $1,095,000 on Wednesday, July 30, 2014, in the Sherwood Forest neighborhood of Atlanta. The 2,551-square-foot house has two and a half bathrooms and features an in-ground pool and garage. (AP Photo/David Goldman)

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A pair of matching sinks highlight the master bathroom of this three bedroom house listed for sale at $1,095,000, Wednesday, July 30, 2014, in the Sherwood Forest neighborhood of Atlanta. The 2,551-square-foot house has two and a half bathrooms and features an in-ground pool and garage. (AP Photo/David Goldman)

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This is an exterior view of the backyard patio and pool area of a three bedroom house listed for sale at $1,095,000 on Wednesday, July 30, 2014, in the Sherwood Forest neighborhood of Atlanta. The 2,551-square-foot house has two and a half bathrooms and features a detached garage. (AP Photo/David Goldman)

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In Springfield, Ill., $1 million gets you nearly 6,000 square feet and six bedrooms near a top-rated golf course in this property listed for sale on Wednesday, July 30, 2014. The luxury home is located near The Rail Golf Course, on 5 acres of land, next to 66 acres of recreation zoned land and timber. (AP Photo/Seth Perlman)

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This is an interior view of a luxury home listed at $1,029,900 on Wednesday, July 30, 2014, in Springfield, Ill. The home is located near The Rail Golf Course, on 5 acres of land, next to 66 acres of recreation zoned land and timber. (AP Photo/Seth Perlman)

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This is the view of an expansive backyard from inside a luxury home on Wednesday, July 30, 2014, in Springfield, Ill. The home is located near The Rail Golf Course, on the 5 acres of land, next to 66 acres of recreation zoned land and timber. (AP Photo/Seth Perlman)